Net Lease Properties

A NNN property is typically described as a free-standing facility occupied by a single tenant on a long-term net lease. A NNN investment is similar to a bond backed by real estate in which the property, owned by an investor or group of investors is leased to a single tenant.
NNN Investments are a desired property asset for investors who are looking to defer capital gains from disposition of low basis, highly depreciated real property. NNN Investments provide passive income, predictable cash flow with tax reduction benefits and the opportunity for significant long term gains upon sale.

CMBS Surveillance

To have a competitive and clear view into these maturing CMBS loan pools and distressed opportunities, Eastern Net Lease Advisors, working through Investcap Advisors, LLC and their proprietary CMBS surveillance platform, provides commercial real estate investors’ a detailed analysis of maturing & defaulting CMBS loans in all property categories.

Deed-In-Lieu

A Solution to Reduce Foreclosure Consequences Through the Use of Credit Tenant Net Lease Property.
Low basis properties with maturing, full value and/or underwater loans have greater risk of default and potentially longer cure periods due to significant adverse impact of recapture and capital gains taxes.

About

Eastern Net Lease Advisors combines the talents of a team of seasoned commercial real estate professionals whose market expertise has led to almost $500 million in brokerage transactions throughout all phases of the commercial real estate life cycle.

Primarily focused in the New England market, ENLA’s approach to commercial real estate analysis is based upon product and market knowledge allowing us to anticipate trends within the industry.

With the goal of providing unique and adaptable services to address the precise requirements of each individual client our philosophy is simple; provide our clients a creative and customized solution that utilizes value added services that exceed their expectations.

Cap Rate Compression

Cap Rate Compression: In simple terms, demand has outreached supply in this interest rate environment. From 2002-2003 a Walgreen’s deal ( or Investment Grade) went from around 8% + cap rate down to -6-6.25% cap rate, and in some instances sub 6% cap rate. Post 2007 cap rates moved upwards into the area of 7.25-7.5% (Investment Grade) sometimes higher depending upon the motivation of the seller, usually a developer looking to get out. Fast forward to today, the supply pipeline is limited with enormous amounts of capital looking for deals. We’re in the lowest interest rate environment and we’re seeing pre-recession pricing mistakes, if you’re a buyer! Investors are chasing yield, yet we’ve seen nearly a 150 basis point compression the last 18 months. So what gives? If interest rates have to go up, and you’re buying into the pre 2007 market prices, do you have an exit?

Equity Fund looking for Casual Dining and QSR opportunities in New England

New construction or mature locations

Individual units & portfolio’s

Minimum 3 years left on term

Primary & Secondary markets only

Minimum traffic 20K CPD

Minimum 1,500 SF building size on minimum ½ acre of land

Must have strong visibility, good signage, and adequate parking

National and Franchise concepts preferred; Independent operators considered with exceptional real state

About Me

Michael O'Mara specializes in commercial real estate assets in the Northeast market with extensive experience in the Retail, NNN/1031Exchange sector. Mr. O’Mara has worked in the commercial real estate market for over 20 years, including 12 years in the corporate sector. He has represented leading private investors, financial institutions and lenders, developers and retailers on asset management, and NNN portfolio sales on a national level.